TDB is a licensed insurance broker by Financial Regulatory Committee resolution dated on 11th of June 2014.

Insurance brokers act as your personal advisor on insurance matters. We work for you, not the insurance companies, to make sure your family, your possessions and your business are properly protected. We are independent and work with a carefully selected insurers.

Here are some of the benefits of purchasing your insurance through TDB:

Choice

We are not tied to a specific company or a specific company’s products. We can search a number of companies and their offerings to find the best deal for you. Insurance products can vary considerably from one insurance company to the other. With us, having the ability to choose from many different products allows you to choose a policy that fits your particular need.

Cost

The cost of premium coverage via TDB is usually cheaper and competitive because we get it through by a bulk purchase. Also we use our buying power to negotiate preferential rates with leading insurance companies on behalf of our customers. Those preferential rates may not be available elsewhere.

Ease, convenience & Speed

When you contact an insurer, you must answer a list of questions and you will get only one quote for your trouble. The difference if you use us, is that for one question-answering session, you will get multiple quotes.

Transparency

As mentioned before, It doesn’t cost you any extra to use the services of a broker bank. Apart from the ability to tap into banks’ customer base, escaping from high operational cost of operating own branch is another reason prompting insurers to look into banks. Part of the lowering of distribution costs will be passed on to clients in the form of lower premium rates.

Following insurance companies are the affiliated insurance compoany of TDB.

Mortgage life insurance helps mitigate the financial impact on your family in the event of your disability or premature demise by providing a tax-free compensation, whereas collateral protection insurance provides coverage for damage to your personal property used to secure the loan. These insurances are dual-interest insurance which protects the interest of both the lender and the borrower.

Collaborating insurance companies

Mongol Daatgal LLC

Mig Daatgal LLC

Practical Daatgal LLC

Ard Daatgal LLC

Coverages

Apartment and house financed by mortgage loan

Borrower and co-borrower’s life and disability

Insurance value and rate of premium

Mongol Daatgal LLC, Mig Daatgal LLC, Ard Daatgal LLC

Insurance item

Sum insured

Annual rate of premium

Apartment and house financed by mortgage loan

Bank appraisal

0.10%

Accidental death and disability of 70 percent or more

Outstanding loan amount

0.10%

Practical Daatgal LLC

Insurance item

Sum insured

Annual rate of premium

Apartment and house financed by mortgage loan

Bank appraisal

0.10%

Accidental death and disability of 70 percent or more

Outstanding loan amount

0.10%

Additional risks

Heart attack

Bank appraisal

0.015%

Stroke

Bank appraisal

0.015%

Insurance policy is effective when premium is paid and in force for one year.

Scope of coverage and risks

Fire;

Electrical faults;

Water damage;

Natural disasters; (excluding earthquake)

Vandalism;

Borrower and co-borrower’s life;

Borrower and co-borrower’s disability.

What to do when insurance incident occurs?

Inform the insurer within:

5 days if your insurer is Mongol daatgal LLC (70170000,1800-1990);

5 days if your insurer is MIG daatgal LLC (70003000,330130);

5 days if your insurer is Practical daatgal LLC (77776677, 94001525);

5 days if your insurer is Ard daatgal LLC (77200088).

Required documents has to be filed to the bank or insurer within 90 calendar days after the incident.

Required documents for insurance claims

Insured’s request;

Copy of insurance policy;

Proof of damage act and cause of damage;

If necessary, a report from a corresponding professional institution;

Copy of death certificate, Examination report of cause of death (physician statement, death summary, test results, post-mortem examination, autopsy);

Commercial mortgage risk insurance products protect any industrial and service real estate, office building and space used to secure the loan, provide coverage for borrower and co-borrower’s life and disability, and loan payment interruption for businesses.

Collaborating insurance company

Practical daatgal LLC

Insurance items

Real estate

Borrower’s life and disability

Payment interruption

Insurance value and rate of premium

Individuals:

Insurance item

Sum insured

Annual rate of premium

1

Real estate

Market value

0.12

2

- Accidental death
- Accidental disability

Outstanding loan amount

0.13

Companies:

Insurance item

Sum insured

Annual rate of premium

1

Real estate

Market value

0.12

2

Payment interruption

Outstanding loan amount

0.12

Insurance policy is effective when premium is paid and in force for one year.

TDBank grants comprehensive traveler’s insurance to its Platinum card holders without any additional charge other than annual fee and offers the insurance to its international Gold card holders at the lowest premium rate.
The purpose of the insurance is to protect its platinum and international gold card holders travelling abroad.

Collaborating insurance companies

Practical daatgal LLC

Coverages

Medical expenses due to accident or sickness while you are travelling, expenses related to family members, loss of documents, baggage loss and delay, trip cancellation and delay, etc.